Industry News

The Qianhai Special Economic Zone in Shenzhen has been touted as the “Next Hong Kong.” Dr. Witman Hung, Principal Liaison Officer for Hong Kong Shenzhen Qianhai Authority, says the point is collaboration with Hong Kong, not competition

Entrepreneur/SME Focus
Barron Asia VR, AmCham member; Hong Kong-based production company, is going boldly into the world of virtual reality (VR).

Finance

Transportation

Intellectual Property
The International Conference of Data Protection and Privacy Commissioners (ICDPPC) has been the annual premier global forum for data protection authorities for over three decades

Trade & Investment
Addressing an audience in Washington D.C. at an Oct 16 luncheon hosted by the Carnegie Endowment for International Peace, Hong Kong Financial Secretary Paul Chan reiterated the strength of U.S.-HK trade, and provided an overview of HK’s economic growth over the past 20 years.

Education
AmCham President Tara Joseph visited GT (Ellen Yeung) College on September 19th to speak to students about her own experiences and how they might shape their own future. The outing was part of AmCham’s Conversation with a Leader series, developed by Frank Wong, co-leader of the chamber’s Education Affairs Group.

Taxation
The current structure of U.S. corporate and income tax based on citizenship makes corporations and citizens abroad far less competitive than their counterparts. Here are the reasons

Law
Landmark court ruling over spousal visa welcomed by supporters, but lack of anti-discrimination laws means more changes require time

Human Resources
Landmark court ruling over spousal visa welcomed by supporters, but lack of anti-discrimination laws means more changes require time

Communications/Tech
Microsoft launched its Surface Hub in Hong Kong on Tuesday as it targets the digital transformation potential of companies in the city.

Hospitality
Award-winning New York bar and restaurant Employees Only announced today (23 June 2017) that it has opened its first Hong Kong outlet as part of its ongoing expansion plan in Asia.

Real Estate
As the Greater Bay Area (GBA) initiative continues to gain momentum, Cushman & Wakefield Greater China Research is releasing a new white paper report

CSR
Corporations, banks and governments all have a role to play to stop slavery. The Anti-Slavery Summit will focus on how technology, data and regulation can tackle this crime.

Apparel & Footwear
Myanmar has made strides to create a business friendly regulatory environment. The government has decreased the days required to start a business in Myanmar from 76 days in 2014 to 13 days in 2016 by simplifying the process , specifically removing the need to submit a reference letter and a criminal history certificate.

Greater China
The Qianhai Special Economic Zone in Shenzhen has been touted as the “Next Hong Kong.” Dr. Witman Hung, Principal Liaison Officer for Hong Kong Shenzhen Qianhai Authority, says the point is collaboration with Hong Kong, not competition

Health Care
Yunfeng Financial Group Ltd, the company backed by Alibaba billionaire Jack Ma, agreed to buy an Asian unit from Massachusetts Mutual Life Insurance Co to add offerings such as death benefits and annuities.

Food & Beverage
McDonald’s will increase its number of stores in China and Hong Kong to 4,500 by the end of 2022, up from 2,500 currently, as part of a strategic partnership with Citic Ltd, CITIC Capital Partners and the Carlyle Group.

Environment & Sustainability
The price of ivory in China has dropped sharply as that country plans to end the legal trade in ivory later this year, a leading elephant conservation group said in a new report. That’s great news for the world’s largest land animals.

What’s New in Washington
Congress returned after Labor Day for a busy September and acted quickly to avoid a government shutdown by passing stop-gap funding for Fiscal Year (FY) 2018 and raising the debt ceiling. The already crowded congressional calendar was complicated even more with an imminent need to address natural disaster relief that continues to wreak havoc on the everyday lives of millions of American citizens—from nearly 1.5 million acres of wildfires burning in Western United States to devastation by hurricanes Harvey in Texas, Irma in Florida and Maria in Puerto Rico.